USA Financial Formulas lifted its holdings in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) by 89,560.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,483 shares of the oil and gas company’s stock after buying an additional 4,478 shares during the period. USA Financial Formulas’ holdings in ExxonMobil were worth $761,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Berbice Capital Management LLC acquired a new stake in ExxonMobil in the fourth quarter valued at approximately $26,000. Midwest Capital Advisors LLC acquired a new position in shares of ExxonMobil during the fourth quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after buying an additional 187 shares in the last quarter. Aventus Investment Advisors Inc. bought a new position in shares of ExxonMobil in the 2nd quarter valued at $27,000. Finally, Key Capital Management INC bought a new position in shares of ExxonMobil in the 4th quarter valued at $28,000. 61.80% of the stock is owned by institutional investors and hedge funds.
ExxonMobil Stock Performance
Shares of ExxonMobil stock opened at $160.08 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. ExxonMobil Corporation has a twelve month low of $105.67 and a twelve month high of $176.41. The stock has a market cap of $663.52 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 0.63 and a beta of 0.17. The company’s fifty day moving average is $147.00 and its 200 day moving average is $150.45.
ExxonMobil Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio is presently 53.02%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on XOM shares. Wolfe Research lowered ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Zacks Research downgraded ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. DZ Bank lowered ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a research note on Tuesday, August 4th. Weiss Ratings upgraded ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Finally, Sanford C. Bernstein lowered their price objective on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, ExxonMobil has an average rating of “Hold” and an average price target of $163.29.
Read Our Latest Stock Report on XOM
ExxonMobil Company Profile
ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.
ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.
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